Investors gain N14bn as 35 stocks close higher

The equities market of the Nigerian Exchange Limited closed N14.10bn higher at the end of last week, with 35 listed companies recording share price gains.

The NGX All-Share Index and market capitalisation appreciated by 0.01 per cent to close the week at 39,485.65 basis points and N20.573tn respectively from 39,483.08bps and N20.572tn in the previous week.

All other indices finished lower with the exception of NGX Premium, NGX Banking, NGX Insurance, NGX AFR Div Yield, NGX Meri Value and NGX Oil & Gas indices, which appreciated by 0.07 per cent, 0.30 per cent, 1.06 per cent, 0.02 per cent, 0.15 per cent, and 0.08 per cent respectively, while the NGX ASeM, NGX Growth and NGX Sovereign Bond Indices closed flat on Friday.

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A total turnover of 1.03 billion shares worth N8.18bn in 18,102 deals were traded last week by investors on the floor of the Exchange, in contrast to a total of 866.544 million shares valued at N12.26bn that exchanged hands the previous week in 17,291 deals.

Measured by volume, the financial services industry led the activity chart with 567.23 million shares valued at N3.66bn traded in 7,970 deals, thus contributing 55.30 per cent and 44.70 per cent to the total equity turnover volume and value respectively.

The ICT industry followed with 126.64 million shares worth N1.16bn in 1,073 deals, while the third place was occupied by the consumer goods industry, with a turnover of 90.50 million shares worth N1.45bn in 3,344 deals.

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Thirty-five equities appreciated in price during the week as against 36 in the previous week; 29 depreciated in price as against 33 in the previous week, while 92 equities remained unchanged as against 87 in the previous week.

The gainers’ table was led by UPDC Plc, whose share price gained 37.59 per cent to close at N1.83 on Friday.

Morison Industries Plc followed, with a 32.14 per cent gain, ending the week at N1.85 per share.

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Consolidated Hallmark Insurance Plc (+21.74 per cent), FTN Cocoa Processors Plc (+20.00 per cent), Transcorp Hotels Plc (+19.90 per cent) were other top gainers last week.

Associated Bus Company Plc saw the biggest loss during the week as it share price fell by 15.38 per cent to N0.33. Unilever Nigeria Plc came next as its share price dropped by 10.00 per cent to N13.50. Ikeja Hotel Plc, S C O A Nig. Plc. Japaul Gold & Ventures Plc recorded losses of 10.00 per cent, 9.43 per cent, and 7.41 per cent respectively.

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